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Canadian Stocks Poised To Rise On Commodity Strength

5 days 10 hours ago
(RTTNews) - Canadian stocks are likely to move higher Thursday morning, tracking firm commodity prices and positive cues from European markets. Investors will also react to a slew of corporate earnings announcements, while looking ahead to the jobs data from Canada and the U.S.,

BOE: Iran Resolution Can Be Best Thing for Supply Shock

5 days 10 hours ago
Bank of England Governor Andrew Bailey says the best thing that could curb the current supply shock is a resolution of the war in the Middle East. He speaks at a news conference following the central bank's decision to hike interest rates on Thursday. (Source: Bloomberg)

BOE Sees Case for Another Rate Hike If Iran War Doesn't End

5 days 10 hours ago
"I'm not going to sign up to the two-and-done point," Bank of England Governor Andrew Bailey says when asked if a second interest-rate increase is on the cards following Thursday's decision to hike. "Absent a resolution of the conflict in the Middle East, and I think I put this in my commentary in the minutes, I could see the case for a further 25 [basis points]," Bailey says at a news conference in London. (Source: Bloomberg)